Deal and ratings review, week ending February 1 2013

The week of the Australia Day holiday saw the primary market in Australia slow to a virtual halt although National Australia Bank priced a large tap on February 1. Westpac Banking Corporation launched a new retail hybrid deal, while Suncorp Bank joined the trend for cleaning up domestic government-guaranteed debt with a buyback offer. Kauri issuance continued to be the only activity in the New Zealand market.